Blog

– Internet shutdowns (116 in two years) show physical gold is ultimate protection – Number of internet shutdowns increased in 2017 as 30 countries hit by shutdowns – Democratic India experienced 54 internet shutdowns in last two years; Brazil 2 – EU country Estonia, a technologically advanced nation, experienced a shutdown – Gallup poll shows Americans more worried about cybercrime than violent crime – Governments use terrorist threat as reason for internet kill switch powers – Own physical coins and bars rather than digital gold on a single platform  Editor: Mark O'Byrne UNESCO is warning that the number of internet shutdowns is increasing [...]

SARASOTA, FLA. (November 6, 2017) - Numismatic Guaranty Corporation® (NGC®) Numismatic Guaranty Corporation (NGC) has certified an extremely rare 1695 Royal 8 Escudos. Graded NGC MS 65, this coin was struck in Mexico City for royalty only to be lost in a shipwreck on its way to Spain. Only two examples of this issue are known. One is impounded in a Florida museum. The other, now graded NGC MS 65, was recovered several decades ago from the shipwreck of the famous 1715 Treasure Fleet, in which 11 of 12 Spanish ships carrying vast amounts of gold and silver coins were [...]

– Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China – Chinese investors bought price dips, notching up fourth consecutive quarter of growth – Jewellery, ETF demand fell while gold coins and bars saw increased demand  – Central banks bought a robust 111t of gold bullion bars (+25% y-o-y) – Russia, Turkey & Kazakhstan account for 90% of 111t of central bank demand – Turkey increased gold purchases and saw broad based physical gold demand – Gold demand in Q3 at eight-year low as ETF inflows slowed sharply  – Gold demand saw 9% year-on-year (y-o-y) [...]

Wheaton Precious Metals (“Wheaton” or the “Company”) is pleased to announce its results for the third quarter ended September 30, 2017. All figures are presented in United States dollars unless otherwise noted. In the third quarter of 2017, Wheaton Precious Metals continued to generate strong cash flow and remains on track to meet 2017 production guidance. Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals, said: “Wheaton Precious Metals continues to generate strong operating margins from its portfolio of low-cost assets and remains on track to meet full year production guidance. We continue to work diligently not only to strengthen our current portfolio, the source of our [...]

I've just returned from Baltimore where I spent Thursday at the Whitman Coin Expo. I actually arrived in Baltimore via a stop in Washington D.C. for a short visit with my new friends from the U.S. Mint who I found to be incredibly engaged in the numismatic hobby and looking to spread the word to collectors (and dealers) that they have an open ear to the hobby. More on this in future weeks. After my visit to the Mint offices, I took an Amtrak up to Baltimore where I had a busy morning meeting with dealers and then an interview with David Lisot, which [...]

Precious metals futures declined Tuesday. Gold dropped from an almost three-week high, pressured by gains in the U.S. dollar. Gold for December delivery shed $5.80, or 0.5%, to settle at $1,275.80... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Fundamental Research Analyst Siddarth Rajeev has issued an updated research report on Carube Copper Corp. (TSXV:CUC) As quoted in the report: Investment Highlights Carube Copper Corp. (“company”, “Carube”) holds a portfolio of eleven 100% owned copper and gold exploration permits in Jamaica covering 535 sq. km. Approximately $18 million has been spent on the properties since Carube acquired the assets in 2011. Carube also has three early stage porphyry style projects in B.C., Canada. Jamaica is vastly under explored. It has a mining friendly jurisdiction with British mining law and reasonably good infrastructure. Carube's flagship assets, the Bellas Gate Project (“BGP”), [...]

– Diversify, rebalance investments and prepare for interest rate rises – UK launches inquiry into household finances as £200bn debt pile looms – Centuries of data forewarn of rapid reversal from ultra low interest rates – 700-year average real interest rate is 4.78% (must see chart) – Massive global debt bubble – over $217 trillion (see table) – Global debt levels are building up to a gigantic tidal wave – Move to safe haven higher ground from coming tidal wave Editor: Mark O'Byrne Source: Bloomberg Last week, the Bank of England opted to increase interest rates for the first time in a decade. Since then [...]

It's been three weeks since the U.S. Mint launched a new product. The latest sales stats reflect that with flagship coins and sets topping their list of weekly bestsellers. A scattering of some more... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]